Why That GDP Report Actually Wasn't That Badhttp://www.businessinsider.com/why-that-gdp-report-wasnt-that-bad-2014-4/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 03 Mar 2015 16:06:20 -0500Joe Weisenthalhttp://www.businessinsider.com/c/53613d66ecad041d6b0f9433Orenthal James DalrympleWed, 30 Apr 2014 14:13:58 -0400http://www.businessinsider.com/c/53613d66ecad041d6b0f9433
Pull your head out Joe. It was an abysmal report. Who are you blowing?http://www.businessinsider.com/c/53611c1cecad04db420f9431Ghost of JoeWed, 30 Apr 2014 11:51:56 -0400http://www.businessinsider.com/c/53611c1cecad04db420f9431
You all have killed me. Now I will commence haunting.http://www.businessinsider.com/c/53610e9a6bb3f769500c4b3cjimmy mactheknifeWed, 30 Apr 2014 10:54:18 -0400http://www.businessinsider.com/c/53610e9a6bb3f769500c4b3c
OK 1.3% of the 3% increase in personal consumption was for healthcare expenses. No doubt thanks to Obamacare this will continue to be a drag on the economy. Therefore, the remaining 1.7% number looks very weak by comparison with previous years. I expect the Obamacare rollout also has a lot to do with the increase in federal non military spending increases of 5.9%. Keynesians rejoice!http://www.businessinsider.com/c/53610e7decad04ab010f942bBob123Wed, 30 Apr 2014 10:53:49 -0400http://www.businessinsider.com/c/53610e7decad04ab010f942b
@Joe Weisenthal,
You are weak. Per Hatzius:
"Personal consumption rose 3.0%, although the increase appears to have been largely due to special factors in services spending, including a weather boost to utilities and Affordable Care Act-related healthcare spending."http://www.businessinsider.com/c/53610400eab8eab61c28bb6cDuh2Wed, 30 Apr 2014 10:09:04 -0400http://www.businessinsider.com/c/53610400eab8eab61c28bb6c
Our local utilities, which rely heavily on coal for generation, have warned that if the EPA cross-border emissions rule was upheld (which the Supreme Court did yesterday), it would require installation of billions of dollars of scrubber equipment on their coal plants, and with the EPA to come out with new rules limiting CO2 emissions from existing energy plants (after the mid-term election of course), they had no idea what it would cost to modify their plant to meet these rules, so it is likely that they will shut down several of their coal plants, as opposed to installing the scrubber/carbon capture technology, take huge write-downs on their investments in those plants, have to install natural gas fired turbines (which will take several years due to the size of the plants needed and installation of additional pipeline capacity), and local electric rates would rise by 50% and the chances of brown-outs would increase significantly. Another Obama hidden tax on the consumer.http://www.businessinsider.com/c/536103f1ecad049a410f9430MikentWed, 30 Apr 2014 10:08:49 -0400http://www.businessinsider.com/c/536103f1ecad049a410f9430
You sound downright desperate today, Joe. First, the mandatory ' it was cold this winter', then 'You can see that personal consumption boomed 3.0%, one of the best numbers in years.' Well, yeah, if spending more on fuel (that nasty winter again) and healthcare makes for a 'booming' economy. 'Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a 3.0 percent rate, reflecting a spurt in spending on services linked to demand for heating during the winter and the Affordable Healthcare Act.' Swing and a miss, Joe.http://www.businessinsider.com/c/536100b9eab8eae31928bb5fBTNWed, 30 Apr 2014 09:55:05 -0400http://www.businessinsider.com/c/536100b9eab8eae31928bb5f
Another Obama apologist in the media! Shocker.http://www.businessinsider.com/c/5360fb67eab8ea970828bb5fRwwWed, 30 Apr 2014 09:32:23 -0400http://www.businessinsider.com/c/5360fb67eab8ea970828bb5f
PCE was all services which, in turn, was all Obamacare, no?http://www.businessinsider.com/c/5360f9adecad043a180f942bBlowin' Sunshine Up Yer Butt by Joe WWed, 30 Apr 2014 09:25:01 -0400http://www.businessinsider.com/c/5360f9adecad043a180f942b
He's the expert.http://www.businessinsider.com/c/5360f91cecad0466060f9433Conservative ReaderWed, 30 Apr 2014 09:22:36 -0400http://www.businessinsider.com/c/5360f91cecad0466060f9433
In other words Joey - your hero big ears isn't screwing up the economy as badly as everyone else now knows that he is.
Apparently it's your job to preach to the contrary right Joey?http://www.businessinsider.com/c/5360f8f56bb3f736020c4b3ercfoxWed, 30 Apr 2014 09:21:57 -0400http://www.businessinsider.com/c/5360f8f56bb3f736020c4b3e
Check that private inventories number again.http://www.businessinsider.com/c/5360f7ffeab8eaf77428bb69Weisenthal the clownWed, 30 Apr 2014 09:17:51 -0400http://www.businessinsider.com/c/5360f7ffeab8eaf77428bb69
Oh Joe...one day you'll get the hang of it.http://www.businessinsider.com/c/5360f7d56bb3f7a5790c4b3fjoamamamWed, 30 Apr 2014 09:17:09 -0400http://www.businessinsider.com/c/5360f7d56bb3f7a5790c4b3f
blah blah blah blah GDP not that bad blah blah weather short term, weather weather weather....
Hmmmmm... Canadian GDP up 2.5%, in line with expectations. Maybe they didn't have bad weather there....http://www.businessinsider.com/c/5360f6b7ecad04f2040f9433Joe WeisentoolWed, 30 Apr 2014 09:12:23 -0400http://www.businessinsider.com/c/5360f6b7ecad04f2040f9433
.
Leave it up to Joe to put lipstick on the pig.http://www.businessinsider.com/c/5360f4476bb3f76c700c4b3c...Wed, 30 Apr 2014 09:01:59 -0400http://www.businessinsider.com/c/5360f4476bb3f76c700c4b3c
<a href="http://www.youtube.com/watch?v=ZKOjV-wtpPc" target="_blank" rel="nofollow" >http://www.youtube.com/watch?v=ZKOjV-wtpPc</a>http://www.businessinsider.com/c/5360f1ab6bb3f7f55c0c4b43Duh2Wed, 30 Apr 2014 08:50:51 -0400http://www.businessinsider.com/c/5360f1ab6bb3f7f55c0c4b43
Joe - you can say it - IT WAS A BAD NUMBER, and it will be revised lower as the revisions come out.http://www.businessinsider.com/c/5360f19e69bedd6d0b1d2fddmjeWed, 30 Apr 2014 08:50:38 -0400http://www.businessinsider.com/c/5360f19e69bedd6d0b1d2fdd
If worked for a website that did economic reporting, you would realize the US has a massive output gap of $ 1 Trillion. We need to be growing at least at 2.4 % which is the economic potential not to make it bigger. This paltry growth will only make the output gap bigger. However, since you do not work for a website that covers economy or finance, you would not know that.http://www.businessinsider.com/c/5360f11b6bb3f7405e0c4b42adegiulioWed, 30 Apr 2014 08:48:27 -0400http://www.businessinsider.com/c/5360f11b6bb3f7405e0c4b42
If we are to blame weather, then personal consumption should go down and be weak. The stuff that was in fact weak shouldn't be affected by weather. This report is worse than it looks.